Wallbridge Mining Company (TSX: WM) - April 2014

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Wallbridge Mining Company Limited (TSX: WM) is an established junior company, formed in 1996, to explore and develop platinum group metals, copper and nickel mineral projects in mining friendly jurisdictions of North America.

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Wallbridge Mining Company (TSX: WM) - April 2014

  1. 1. Pla$num  Group  Elements,  Copper  and   Nickel  in  Sudbury,  Ontario   Canada’s  Premier  Mining  District   April  2014  
  2. 2. CAUTIONARY  STATEMENT   2   No  regulatory  authority  has  approved  or  disapproved  the  informaAon  contained  in  this  presentaAon.       This  presentaAon  includes  certain  statements  that  may  be  deemed  “forward-­‐looking  statements”.    All   statements  in  this  presentaAon,  other  than  statements  of  historical  fact,  that  address  future  producAon,   reserve  potenAal,  exploraAon  drilling,  exploitaAon  acAviAes  and  events  or  developments  that  the  Company   expects,  are  forward-­‐looking  statements.    Although  the  Company  believes  the  expectaAons  expressed  in  such   forward-­‐looking  statements  are  based  on  reasonable  assumpAons,  statements  are  not  guarantees  of  future   performance  and  actual  results  or  developments  may  differ  materially  from  the  forward-­‐looking  statements.     Factors  that  could  cause  actual  results  to  differ  materially  from  those  in  the  forward-­‐looking  statements   include  market  prices,  exploitaAon  and  exploraAon  successes,  conAnued  availability  of  capital  and  financing,   general  economic,  market  or  business  condiAons.    Investors  should  be  cauAous  that  any  such  statements  are   not  guarantees  of  future  performance  and  that  actual  results  or  developments  may  differ  materially  from   those  projected  in  the  forward-­‐looking  statements.       The  Company  does  not  undertake  to  update  or  revise  any  forward-­‐looking  statements,  whether  as  a  result  of   new  informaAon,  future  events  or  otherwise,  save  and  except  as  may  be  required  by  applicable  securiAes   laws.  
  3. 3. WALLBRIDGE  STRATEGY   •  Maximize  the  benefits  of  joint  venture  partnerships  &  Spinouts   –  46  mineral  projects  from  grassroots  exploraAon  to  pre-­‐feasibility  stage   –  11  joint  ventures  with  Lonmin  Plc,  Impala,  Xstrata  Nickel  and  others   –  Equity  interests  in  Duluth  Metals  Limited  (DM:TSX)  and  Miocene  Metals  Limited   (MII:TSV)     •  Concentrate  on  the  best  assets  first     –  ParAcular  focus  on  Sudbury,  Ontario   –  PlaAnum,  palladium,  copper,  nickel,  gold  projects  in  mining  friendly  jurisdicAons  of   North  America   •  Strengthen  Corporate  Social  Responsibility  Prac$ces  to  Sustain  Explora$on  and   Development     –  Signed  Memorandum  of  Understanding  with  two  First  NaAons  Groups  in  Sudbury,   Ontario   –  Supporter  of  Community  and  local  EducaAonal  InsAtuAons’  IniAaAves   3  
  4. 4. WALLBRIDGE MINING: CORE ASSETS 4  
  5. 5. MANAGEMENT AND DIRECTORS WARREN HOLMES •  Mining executive with +40 yrs. experience in mining •  Vice chairman Atlanta Gold Inc., Director for HudBay Minerals, Foraco International, Atlanta Gold PARVIZ FARSANGI •  Mining Engineer with +25 yrs. experience •  Director for Miocene Metals, INV Metals, Previously CEO of Scorpio Mining & COO with Vale ROLAND HORST •  +35 yrs. experience as investment banker •  CEO of C Bay and Director of Victory Nickel RENE GALIPEAU •  +30 yrs. experience in mining •  CEO of Victory nickel and Director of Nuinsco Resources, Victory Nickel and KWG Resources DARRYL SITTLER •  Former NHL player and 1989 Hall of Fame inductee •  Director for Miocene Metals, Royal Nickel, Frontline Gold 5   ALAR SOEVER Executive Chairman and Director •  Professional Geologist with +30 yrs. experience •  Chairman Miocene Metals, Director for Duluth Metals MARZ KORD President and CEO •  Mining Engineer with +25 yrs. experience in mining •  Previously EVP for Genivar Consultants, Falconbridge MARY MONTGOMERY, CPA, CA CFO •  She held senior positions with a number of companies associated with the mining industry in Sudbury JOSHUA BAILEY Vice President Exploration •  Professional Geologist with +15 yrs. experience •  President of SPDA, Director for OPA and OEC
  6. 6. WALLBRIDGE  SHAREHOLDERS   6   10% 15% 10% 15% 50% Sudbury High Net Worth Lonmin Plc Funds Insiders Others
  7. 7. PLATINUM GROUP ELEMENTS 7   Why PGEs?
  8. 8. PLATINUM GROUP ELEMENTS 8   •  Global Urbanisation •  Emissions Control Legislation •  Infrastructure •  Political Risk, Wage Pressure ~900K Oz ~282K Oz
  9. 9. DISCOVERY  UPSIDE  IN  SUDBURY   9   Sudbury  Deposits*:   •  5-­‐20  million  tonnes   •  1-­‐20%  copper   •  1-­‐5%  nickel   •  1-­‐30  g/t  PlaAnum  +  Palladium   +  Gold     (*Ames,  GSC,  2007)   •  Production since 1886 •  10 active mines •  2 active mills with capacity •  2 active smelters •  Good mining culture •  Good infrastructure •  Skilled workforce
  10. 10. SUDBURY  OPPORTUNITIES-­‐  PGE   10   Sudbury Deposit Types (Target Size and Grade) FW - Massive Cu FW - Low Sulfide Offset Contact 2 - 10 Mt 2 - 10 Mt 2 - 10 Mt 15 - 20 Mt 7.7 g/t PGE + Au 7.3 % Cu 1.1 % Ni >5 g/t PGE + Au 1.0 % Cu 0.3 % Ni 3.6 g/t PGE + Au 1.3 % Cu 1.8 % Ni 1 g/t PGE + Au 1.3 % Cu 2.7 % Ni ~1.6 Moz PGE ~1.4 Moz PGE ~1.5 Moz PGE ~600 Koz PGE
  11. 11. 11   19+ Moz PGEs in 20 years >15 deposits >120 Mt total tonnage ~4.8 g/t PGE + Au ~3.6 % Cu ~1.7 % Ni >1 M oz Examples Resource   Ni   Cu   Pt + Pd   Pt + Pd   Mt   %   %   g/t   Moz   1.   Capre   9.0   ?   ?   ?   ?   2.   Victoria   14.5   2.5   2.5   7.6   3.5   3.   McCreedy East FW   6.8   0.9   9.9   13.4   2.9   4.   Nickel Rim South   13.0   1.4   3.1   4.3   1.8   5.   Totten Mine   10.1   1.5   1.97   4.8   1.6   6.   Kelly Lake   11.4   1.72   1.41   3.8   1.4   7.   Victor Deep FW   6.16   1.9   6.2   6.7   1.3   SUDBURY  OPPORTUNITIES-­‐  RECENT  DISCOVERIES  
  12. 12. WALLBRIDGE  SUDBURY  PROJECTS   12   •  46  Proper$es  total   •  42  Proper$es  in  Sudbury   •  11  Joint  Ventures  with   –  Impala   –  Lonmin   –  Xstrata  Nickel   –  Others   •  Discovery  Upside  
  13. 13. WALLBRIDGE’S  SUDBURY  OPPORTUNITIES   13   Property   Stage   Ownership   Comment   Poten$al   Wisner-­‐  Lonmin   ProducAon,     Drill  Targets   WM,  WM-­‐Glencore,   (Glencore  opAon)   Broken  Hammer  Mine  ProducAon.   ExploraAon  funded  by  Lonmin  on   surrounding  10kms  of  prospecAve  geology:   Cu-­‐PGE  occurrences,  geophysics  targets,   drilling  underway   Several  targets  with  potenAal     for  2-­‐10Mt  Cu-­‐PGEs     above  1000  metres  depth   POJV  -­‐  Implats   Resource,     Drill  Targets   WM,  Implats,  CBA   (Glencore  opAon)   Parkin  Resource  and  expansion  potenAal,   High  grade  Milnet  1500  Zone,     High  grade  Brady  Showing   3-­‐5Mt  resource  expansion  potenAal   above  500  metres  depth,     Enormous  expansion  potenAal  to  depth   East  Range   Occurrences,     Drill  Targets   WM,  WM-­‐Glencore   (Glencore  OpAon)   Amy  Lake  Occurrences,  several  conductors,   strong  exploraAon  potenAal  over  +2kms   PotenAal  for  2-­‐10Mt  Cu-­‐PGEs     above  1000  metres  depth   SCJV  -­‐  Lonmin   Drill  Targets   WM     (Lonmin  opAon)   Skynner  Lake  &  Trill   Lonmin  Funding,   earn-­‐in  at  Indicated  Resource   Several  targets  with  potenAal     for  2-­‐10Mt  Cu-­‐PGEs     above  1000  metres  depth   NRJV  -­‐  Lonmin   Drill  targets   WM     (Lonmin  opAon)   Currently  funded  by  Lonmin,  staged  vesAng   to  2016   Several  targets  with  potenAal     for  2-­‐10Mt  Cu-­‐PGEs     above  1000  metres  depth   Other  Sudbury   Geology   WM   Minimal  annual  maintenance   Very early stage
  14. 14. BROKEN  HAMMER  OPEN  PIT  PROJECT   14   METAL PRICE RECOVERY CU $3.30 88.0% NI $6.00 49.5% PT $1,450 87.9% PD $750 82.6% AU $1,300 79.4% AG $21.00 73.1% CAD/US 1.08:1 FORECASTED REVENUE (‘000 CAD) Copper $11,498 Nickel $ 0 Platinum $14,540 Palladium $ 6,378 Gold $ 3,769 Silver $ 469 Total Revenue $36,654 2014 RESERVE UPDATE (BASED ON NEW TERMS) TONNES 194,650 CU 0.95 % NI 0.10 % PT 2.14 gpt PD 1.95 gpt AU 0.63 gpt AG 6.68 gpt The Qualified Person for the Broken Hammer updated reserve estimate is Mr. Marz Kord, P. Eng., President & CEO for Wallbridge. The updated Mineral Reserve estimate is based on updated economic inputs and does not represent a material difference from the previous Mineral Reserves estimated by RPA Inc.(see Press Release dated September 18, 2013). open FORECASTED COST (‘000 CAD) Costs: Mining incl. G&A $10,104 Crushing & Hauling $ 8,120 Processing $11,849 Royalties $ 744 Capital Expenditure $ 1,043 Total Costs $ 31,860 FORECASTED P&L (‘000 CAD) Total Revenue $36,650 Total Cost incl. Capital $31,850 Profit before taxes $ 4,800
  15. 15. BROKEN  HAMMER    SCHEDULE   15   •  Definitive Agreement for Milling with Northern Sun •  Smelting & Refining termsheet agreement •  Production Decision made •  Mining Contractor selected •  Line of Credit (Callinan) fully drawn ($2 million) Ore Delivery To Mill Construction Starts Concentrate to Smelter Payments from Smelters Expected completion April 2015
  16. 16. WISNER JOINT VENTURE WITH LONMIN (PART OF NRJV) 16   •  Signed December 2013 •  Lonmin may earn 50% after $6M cash & expenditures over three years •  Lonmin may earn additional 15% by funding to FS and securing WM CAPEX •  $2.0M funded by Lonmin Plc this year (Oct 2013 – Sept 2014 fiscal year) •  Drilling and geophysics underway
  17. 17. WISNER JOINT VENTURE – BROKEN HAMMER EXTENSION 17   Planned infrastructure 2011 Bulk Sample 2013 Resource 2013 Pit Design DDH IntersectsDown-plunge Matrix IP
  18. 18. WISNER JOINT VENTURE – BROKEN HAMMER DEPTH 18  
  19. 19. SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN Trill Showing •  140 m mineralized trend discovered in 2005 •  6.41 g/t Pt+Pd+Au, 0.79 % Cu and 1.20 % Ni over 10.3 metres in WTR 012               •  8.11 g/t Pt+Pd+Au, 1.01 % Cu and 0.81 % Ni over 8.76 metres in WTR-028 •  USD $1.6M funded by Lonmin Plc this year (Oct 2013 – Sept 2014 fiscal year) •  Drilling and Geophysics underway 19  
  20. 20. SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN 20   QD IQD IQD QD SDBXBrecciated GR GR N TPM Au Pt Pd Ag Cu Ni S ppm ppm ppm ppm ppm % % % N984155 8.93 0.50 2.43 6.00 5.68 1.28 0.43 4.57 5.21 1.95 N984160 2.49 0.33 0.82 1.35 11.30 1.75 0.41 7.54 1.16 0.33 N984166 1.38 0.06 0.38 0.95 0.35 0.19 0.10 1.08 4.79 1.28 N984159 0.90 0.05 0.27 0.58 1.69 0.14 0.07 2.21 4.28 0.41 N984167 0.37 0.02 0.10 0.26 0.24 0.03 0.02 0.25 7.12 1.49 N984168 0.15 0.01 0.04 0.10 0.49 0.08 0.07 0.75 0.94 0.20 N984163 0.01 0.00 <0.005 0.00 0.14 0.02 0.00 0.36 0.28 0.01 N984164 0.01 0.00 <0.005 0.00 0.20 0.03 0.01 0.70 0.19 0.01 N984165 0.01 0.01 <0.005 0.01 0.67 0.07 0.01 1.74 0.13 0.01 TPM  ppm  /           (Cu  %+Ni  %) TPM  ppm  /           (S  %) First grab/brick sample results taken from Trench # 2 Trill Trench # 2 exposing bend in Trill Offset with Ni-Cu-PGE mineralization Technician for scale •  Discovery, channel sampling and detailed mapping in late 2013
  21. 21. NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN 21   •  Over 50 km strike length of Offset dykes •  Only 28 short drill holes •  ~1 short hole per 13 km2 •  $1.5M funded by Lonmin Plc this year (Oct 2013 – Sept 2014 fiscal year) •  Up to $8.8M Lonmin Plc funding to 2016 •  Drilling and geophysics underway 21  
  22. 22. PARKIN OFFSET JOINT VENTURE (POJV) WITH IMPALA PLATINUM 22   •  Past Producing Milnet Mine, High grade Milnet 1500 Zone, Parkin Resource •  Parkin Resource 3-5 Mt expansion potential above 500m depth •  Enormous expansion potential to depth
  23. 23. WALLBRIDGE  HIGHLIGHTS  &  PLANS   •  Broken  Hammer  construc$on                Commences  in  April  2014   •  Broken  Hammer  ore  delivery                June  2014   •  Broken  Hammer  concentrate  delivery  to  smelters          July,  2014   •  Drilling  and  explora$on,  Wisner  JV  with  Lonmin          2014  Program  Ongoing     •  Drilling  and  explora$on,  Sudbury  Camp  JV  with  Lonmin        2014  Program  Ongoing   •  Drilling  and  explora$on,  North  Range  JV  with  Lonmin        2014  Program  Ongoing   •  Review,  Drilling  and  Geophysics  at  the  Parkin  Offset  JV        Reduced  2014  Program  underway     •  Reviewing  new  opportuni$es  to  leverage  assets  for  growth      Ongoing   23  
  24. 24. WALLBRIDGE  SPIN-­‐OUT  EQUITY  INTERESTS   •  2005  Spin-­‐out  of  Minnesota  Projects   •  10.1  M  shares  (7.4%)  DM:TSX   –  ParAcipaAon  right  to  15.67%  through   certain  future  issuances       24   •  2010 Spin-out of BC Projects •  28.4 M shares (40.5%) MII:TSX.V
  25. 25. Wallbridge currently owns 7.4% of Duluth Metals 25   Duluth  Metals  Limited   Spin-­‐Out   Feb 2014 Updated Resource, contained metals Metal Measured Resource Indicated Resource M&I Resource Inferred Resource Copper 3.7 billion lbs. 11.0 billion lbs. 14.7 billion lbs. 12.3 billion lbs. Nickel 1.2 billion lbs. 3.5 billion lbs. 4.7 billion lbs. 4.2 billion lbs. Platinum 1.3 million ozs. 4.5 million ozs. 5.8 million ozs. 3.6 million ozs.** Palladium 3.0 million ozs. 10.2 million ozs. 13.2 million ozs. 8.0 million ozs.** Gold 0.7 million ozs. 2.5 million ozs. 3.2 million ozs. 1.8 million ozs.**
  26. 26. •  Significant  Value  Driver  for  Wallbridge  Shareholders   •  Twin  Metals  Minnesota  (TMM)  JV  with  Antofagasta  Plc     –  The  world’s  largest  undeveloped  Cu-­‐Ni-­‐PGE  deposit  outside  of  South  Africa   –  Joint  Venture  with  Antofagasta  Plc  who  would  earn  40%  of  the  project  by  compleAng  the  Bankable  Feasibility  Study.   At  BFS,  Antofagasta  may  earn  an  addiAonal  25%  by  paying  DM  25%  of  NPV  calculated  at  10%  discount   •  Duluth  Metals  Upside   –  Feasibility  Study  results  expected  in  H1,  2014   –  ExploraAon  potenAal  in  37,000  acres  of  exploraAon  interests  outside  of  Twin  Metals  spin-­‐out   –  Discovery  of  two  new  mineralized  zones  in  January  2013  on  Duluth’s  100%  owned  properAes     26   Duluth  Metals  Limited   Spin-­‐Out  
  27. 27. MIOCENE  METALS  LIMITED  SPIN-­‐OUT   •  August  2011  IPO:      MII:TSX.V   –  Future  value  driver  for  Wallbridge     •  Porphyry  Cu-­‐Au-­‐Mo    projects  in  SW  BC   –  Rogers  Creek  and  MacKenzie:  Cu,  Au   –  Salal:  Moly   •  Miocene  age  Cascade  Magma$c  Arc     –  Similar  to  copper-­‐gold  belts  in  Chile,  Peru,  USA,  Indonesia  and  Papua   New  Guinea  (e.g.,  El  Teniente,  Chuquicamata,  Grasberg,  Bingham   Canyon)   •  Excellent  infrastructure  in  Bri$sh  Columbia     27   MIOCENE-­‐CARUBE  RESOURCES   PROPOSED  MERGER  (2013-­‐2014)     •  Porphyry  Cu-­‐Au    projects  in  Jamaica     •  Joint  Venture  Partnership  with  Oz  Minerals  $6.5M   expenditure  to  earn  70%.  Addi$onal  $6.5M  on   each  of  three  other  proper$es   •  Excellent  infrastructure  in  Jamaica  
  28. 28. 28   MIOCENE-­‐CARUBE      BELLAS  GATE  PROJECT  (JAMAICA)   Kola Bull Snap Connors Ginger Ridge Camel Hill Mab Geo
  29. 29. THE  WALLBRIDGE  OPPORTUNITY   29     •  Exposure  to  a  basket  of  high  demand  commodi$es  in  North  America   –  Copper     –  PlaAnum,  Palladium   –  Gold   –  Molybdenum     –  Nickel       •  Immediate  discovery  upside  in  Sudbury   •  Exposure  to  underlying  value  and  growth  poten$al  in  Duluth  Metals   •  Blue-­‐sky  poten$al  with  Miocene  Metals  
  30. 30. FOR  FURTHER  INFORMATION     Joshua  Bailey,  VP  ExploraAon   705-­‐682-­‐9297,  ext.  240   jbailey@wallbridgemining.com     Linda  Zubal,  VP,  Corporate  CommunicaAons   705-­‐682-­‐9297,  ext.  263   lzubal@wallbridgemining.com    

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